Core Insights - The UPI Autopay feature has seen a significant growth, with transactions increasing by 100% year-over-year, reflecting the rising popularity of UPI as a payment method in India [4]. Group 1: Transaction Growth - In November 2025, approximately 926 million transactions were processed via UPI Autopay, a substantial increase from 530.5 million in November 2024 [4]. - State Bank of India (SBI) processed 290 million recurring payments in November 2025, while Airtel Payments Bank handled 89.7 million, up from 25.6 million a year prior [4]. Group 2: Enhanced Features - The National Payments Corporation of India (NPCI) has introduced a new portal, upihelp.npci.org.in, allowing customers to track repayment history and manage existing mandates [2]. - An enhanced limit for recurring payments was implemented in December, allowing transfers up to ₹1 lakh without second factor authentication for specific categories like mutual fund payments, credit card bills, and insurance premiums [3]. Group 3: Market Position - UPI currently processes around 20 billion transactions per month, surpassing all other payment methods in India [4]. - Other payment modes such as IMPS, Fastag, and RuPay debit cards have either seen a decline or remained flat, with all incremental usage shifting towards UPI [4].

Core Viewpoint - Insurance companies are seeking to participate in the Fastag ecosystem by being allowed to issue Fastag stickers, which could enhance their role in the vehicle life cycle and potentially increase their business in vehicle insurance [10][11]. Group 1: Industry Developments - Top executives from the insurance industry have met with officials from the Ministry of Road Transport and Highways to advocate for the inclusion of insurance companies in the Fastag issuance process [10]. - Currently, Fastags are issued by banks and some fintech companies, while the National Electronic Toll Collection platform is managed by the National Payments Corporation of India (NPCI) in collaboration with the Indian Highways Management Company [6][11]. - There has been stagnation in Fastag transactions, with 360 million transactions reported in October 2025, settling around ₹6,600 crore, indicating limited growth in adoption beyond highway toll payments [7][11]. Group 2: Company Insights - New-age general insurance companies, such as Acko and Go Digit, could benefit significantly from participating in the Fastag ecosystem, as vehicle insurance constitutes a large portion of their business [8][10]. - Acko processed a motor insurance premium of ₹633 crore from April to October 2025, with total insurance premium collections of ₹1,407 crore during the same period [11]. - Go Digit General Insurance reported a motor premium amount of ₹3,865 crore and total premium collections of ₹5,885 crore in the same timeframe [11].